UBS

Beijing Enterprises Holdings has appointed four banks to arrange a series of investor meetings in Europe ahead of a potential euro-denominated bond.

Indonesia’s Bumi Serpong Damai managed to price its first international on Monday but was hampered by a long past default by one of its sister companies. Bankers say the issuer could have done better in terms of pricing and size had it not been for investor concerns about the ownership risk.

Doosan Heavy Industries & Construction has opened books for its first dollar bond in the offshore market on Monday, having completed a global roadshow last week.

UBS has hired David Slade as global co-head of leveraged finance and leveraged capital markets.

Corporación Andina de Fomento took advantage of a lack of SSA supply in the Swiss market to take a Sfr150m ($156m) tap of its February 2026s this week.

South Korean construction company IS Dongseo is planning to tap equity investors for $250m via the issuance of global depositary receipts, in what will be one of the first chunky equity deals out of the country this year.

Hony Capital has made a full exit from CSPC Pharmaceutical Group after having gradually trimmed its stake over the past two years, taking advantage of the recent rally in the Hong Kong index to net a whopping HK$9.78bn ($1.26bn) on April 16.

Merlin Properties, the largest Spanish real estate investment trust, has announced a fully underwritten rights issue, to raise €613.8m, a 50% capital increase. It is also considering bond issuance in future.

After a quiet start to European block trade activity in the week after Easter, deals began in earnest this week, with five substantial selldowns of companies floated in the past two years, and then a €198m trade in Abertis on Thursday evening.

UBS, Bank of America Merrill Lynch and JP Morgan are tonight selling a 1.34% stake in Abertis Infraestructuras, the Spanish construction and concessions company, to hedge a derivative transaction with Obrascon Huarte Lain.

Private equity firm Carlyle has raised HK$3.29bn ($424m) by selling all of its shares in Haier Electronics Group, through a block deal that materialised after bankers spent nearly two weeks wooing the seller.

China Cinda Asset Management was at the heart of two blocks within a span of just a few days, as shareholders UBS and Citic Capital Financial Holding trimmed their holdings amid an intense rally in the company’s share price.